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Agilent acquires JV with Yokogawa

Posted: 03 Feb 2006     Print Version  Bookmark and Share

Keywords:Agilent Technologies  Yokogawa Electric  Yokogawa Analytical Systems 

Agilent Technologies Inc. and Yokogawa Electric Corp. announced that their joint venture, Yokogawa Analytical Systems, is now a wholly owned Agilent subsidiary. Yokogawa will receive approximately Rs.469.36 crores ($106 million) from this transaction, including Rs.433.94 crores ($98 million) from Agilent for its 49 per cent share in the joint venture and Rs.33.21 crores ($7.5 million) in dividends from Yokogawa Analytical Systems.

Yokogawa Analytical Systems was founded as a joint venture in 1992 by Agilent (then part of Hewlett-Packard and 51 per cent owner) and Yokogawa (49 per cent owner). Yokogawa Analytical Systems manufactures ICP/MS, an advanced analytical system used in gas chromatography for laboratory and other scientific applications.

With the foundation of the joint venture, Agilent transferred its sales and support of advanced laboratory analytical systems to Yokogawa Analytical Systems; while Yokogawa transferred all of its laboratory business, including equipment under development, to the joint venture.

Yokogawa Analytical Systems had sales of more than Rs.708.48 crores ($160 million) in fiscal 2005.

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